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Most insurance companies will refund any remaining policy time. It will be prorated. If your mortgage company paid it out of escrow funds, the refund may get sent to them.

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โˆ™ 2006-09-05 14:02:18
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Q: If you cancel your home insurance which was fully paid do you get a refund on the remaining months?
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How does the insurance company calculate the amount of premium to refund when a policy is cancelled?

Insurance premiums are calculated for the year. If you cancel your policy refunds are usually issued retroactively. So if you cancel your insurance 6 months into your policy, you wil be refunded for the remaining 6 months. It is usually calculated to a daily value, so you will get a refund for the remaining days left in the year. However, it is up to the insurance compant on what their refund policy is. Some companies will have a cancelation policy of 1 months cost of insurance if you cancel your policy. Most companies however have no fee.

Do you get refund if you cancel auto insurance?

In most states, companies are required by law to give you a pro rata refund, that is give your money back for the time remaining on your policy.

How do you Cancel Home Owners Insurance and get a refund on remaining insurance due to home sale?

When you call you insurance company to cancel, they may want the request in writing...this is helpful if you have an agent, because you can just pay them a visit. The refund from unearned premium should be sent to you within a week of cancellation

Can you cancel motorcycle insurance if you sell motorcycle?

Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.

How long does it take to get a refund from Geico after you cancel your insurance?

one year

Do you get a refund if you cancel homeowners insurance?

Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.

Will Allstate insurance company refund premium if you cancel a landlord's policy?

They will refund any of your unused premium. For example, if you paid $600 in full for the year and you are 2 months into the policy term then they would owe you $100.

Can you cancel Progressive Insurance in Virginia at any time and get a refund if paid in Full?

Yes, you can cancel any policy at any time, and expect a refund for the used portion of premium paid.

Is it legal for a insurance company to auto renew an liability insurance policy in Connecticut?

I don't think it violates Connecticut insurance regulations. But you should be able to cancel the policy and get a pro-rated refund or full refund.

If there is a policy that is three months old and you cancel it will there be any money back?

Depends on the mode of premium...that is, did you pay an annual (yearly) premium, a semi-annual, quarterly or monthly premium? Whichever mode you used, the insurance company will (should) refund the "unearned" amount you paid. For instance, if you paid an annual premium (12 months), and you cancel after just three months of coverage, then you should receive a refund equal to nine (9) months woth of premium, etc.

What is the refund fraction for a 55 month loan that is paid off with 15 months remaining?


Is it cancel or cancell?

Cancel Membership please and refund my money $23.99 on my account

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